Small Scale LNG 2018 Market Trends, Revenue, Industry Share, Top Key Players, Business Strategies, Sales and Forecasts till 2023

Coiled Tubing Market Highlights:-

The growth of the small-scale LNG market is mainly driven by the increased use of LNG in transportation and stand up power operations. The growth of the small-scale LNG market can be attributed to the low cost of small-scale liquefied natural gas in comparison to other fuels used in heavy-duty vehicles and reduced emissions when compared to diesel and other fossil fuels. Increasing demand for liquefied natural gas from remote locations for use in electric power plants and global commoditization of liquefied natural gas are some of the major factors driving the demand for liquefied natural gas. Furthermore, there is huge development of downstream infrastructure and logistics for LNG gas supply in Europe and North America regions.

Small-scale LNG market is expected to have huge number of advancements over the forecast period owing to Liquefaction providers offering plug-and-play concepts with a reduced price tag, operating cost, and deployment time. The market is also expected to have high expansion activities by multinationals and well-established companies.

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Top Key Players:-
• Prometheus Energy
• Cryostar
• GE Oil & Gas
• Gazprom
• Engie SA
• Honeywell International Inc.
• Wärtsilä Corporation
• The Linde Group
• Skangas AS
• IHI Corporation
• Excelerate Energy L.P

Segmental Analysis:-

The small-scale LNG market has been segmented on the basis of type, application, mode of supply, and region. On the basis of type, the market is segmented into regasification and liquefaction terminals. The segmentation on the basis of mode of supply consists os segments such as Trans-shipment and Bunkering, Trucks, Captive Consumption through Pipeline & Rail. The trans-shipment and Bunkering market is well-known in the market owing to the flourishing shipping industry. On the basis of applications, the market is segmented as utilities, industrial & commercial, residential, marine, and transportation.

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Detailed Regional Analysis:-

The market for Small Scale LNG is anticipated to observe exceptional growth through the forecast period. The market is anticipated to develop in the Asia Pacific region and African regions owing to the escalating demand for natural gas as fuel for the automobile and power industry. Moreover, the regions are witnessing a surge in projects of regasification and liquefaction terminal. For example, South Korea and Japan are growing their liquefaction capacity, as a result, driving the market. Egypt has appeared as a new importer for LNG while Mozambique has revealed a new gas field, which will fortify the nation’s position as a huge gas exporter. The European region is expected to follow the small-scale LNG market after the Asia Pacific and Africa regions. As per the European Union policies, the nations are phasing out their coal-based power plants, consequently creating a surge in demand for LNG.

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